Mining output continues hit by loadshedding
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GUEST – Mamokgethi Molopyane, a labour and mining analyst
Mining output decreased by 1.9% year-on-year in January, Statistics South Africa said on Tuesday, marking the 12th consecutive month of year-on-year decline and after a 3.5% contraction in December 2022.
The largest negative contributors were platinum group metals (PGMs), whose production fell 15.2% decrease, while diamonds were down 15.5%.
The last time the sector recorded annual growth was in January 2022.
Mining output decreased by 1.9% year-on-year in January, Statistics South Africa said on Tuesday, marking the 12th consecutive month of year-on-year decline and after a 3.5% contraction in December 2022.
The largest negative contributors were platinum group metals (PGMs), whose production fell 15.2% decrease, while diamonds were down 15.5%.
The last time the sector recorded annual growth was in January 2022.
